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Fiscal Retrenchment And Privatization
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A problem that is always on a city's mind is its economic state. When a city finds that $3.8 million has been misappropriated in different funds, it has to question if it is headed towards a fiscal crisis. With a new mayor and township council, there was an investigation done into the township finances. Going back since 1996 there a .... Middle of paper
.... in helping keep things like neighborhood security and libraries in service. Although the volunteerism was a good way to help, the most significant change was the privatization of services.
Privatization “may well be seen by the future historians as one of the most important developments in the American political and economic life in the late 20th century” (Knox, 363). By using privatization, cities were able to fund projects that could have ....
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Number of words: 574
Number of pages: 3 (approx. 250 words per double-spaced page)
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